Question

How far is it correct to say that money in your pocket cannot buy the basic needs to live well ? Explain

Answer 1

(i) Income by itself is not a completely adequate indicator.

(ii) Money cannot buy you a pollution free environment.

(iii) Money may also not be able to protect you from infectious diseases.

Therefore, the whole community needs to take preventive steps, i.e. :

(i) Collective security for the whole society.

(ii) Public facilities such as schools.

(iii) Public Distribution System in some states.

(iv) All can only be done collectively and not individually.

Answer 2

Answer:

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